PwC becomes the pan-Baltic certified advisor of the First North market

The role of the pan-Baltic advisor means that PwC can advise companies aspiring to the First North market in all three Baltic countries. The advisor's role is to guide growth companies in the pre- and post-trading period and help them meet their obligations under the First North market rules.

The purpose of the Nasdaq Baltic First North market is to enable small and medium-sized companies to access growth capital. It is easier for start-ups to become publicly traded on First North as regulatory requirements are less stringent compared to the regulated market.

"PwC is a great addition to First North's list of market advisors in Estonia, Latvia and Lithuania," said Daiga Auziņa-Melalksne, Head of Baltic Exchanges at Nasdaq. "I congratulate PwC on becoming an advisor and I wish their team success in supporting the realisation of the growth ambition of Baltic companies."

"We advise large companies operating in Estonia on a daily basis, and we see that companies' interest in stocks and bonds has grown over the years," said Teet Tender, managing partner of PwC Estonia. "On one hand, the Nasdaq First North Baltic market is a good opportunity for the companies we advise to attract growth capital. On the other hand, we are glad that we have earned the opportunity to advise companies aspiring to join the capital market and to do it together with our colleagues in all three Baltic countries."

PwC is one of the world's largest organisations providing business consulting services, represented in a total of 152 countries and employing more than 328,000 people. PwC has been operating in Estonia since 1992 and has grown to become clearly the largest business consulting company on the market.

Nasdaq, Inc. is a leading global provider of trading, exchange technology, listing, information and public company services, operating in six continents. As the creator of the world's first electronic exchange, our technology is used in more than 85 securities markets in more than 50 countries. Approximately one in ten securities transactions in the world is conducted through Nasdaq technology. Nasdaq is home to 4,000 listed companies with a total market capitalisation of more than $15 trillion. Additional information: nasdaq.com, nasdaqbaltic.com.